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Category: business – Page 74

How To Integrate Data-Driven Solutions For Business Excellence In Pharma

In short, data-driven solutions themselves are only part of the overall approach. It is the effective integration of this fast-evolving technology into existing workflows and processes that leads to successful business outcomes.

The first step to integrating AI is identifying places and processes where it can help increase efficiency or accuracy. Businesses should step back and identify their pain points, creating a list of processes that are slow, tedious, cumbersome or suffering from a lack of staff. They should also analyze where additional data or information could help make better decisions.

In the pharma industry, data-driven AI solutions have been widely adopted in sales and marketing processes. For example, by analyzing patient and physician data, electronic medical records and demographic information, AI algorithms can identify trends, patterns and insights that help sales representatives tailor their messaging and presentations to specific HCPs.

OpenAI’s Sam Altman Makes Global Call For AI Regulation—And Includes China

OpenAI CEO Sam Altman over the weekend called for enhanced collaboration between the U.S. and China on artificial intelligence development. Without mentioning the fact that his company’s products like ChatGPT are not available in China, he argued that China should be a major player in ensuring the safety of global AI development and rollout.

“With the emergence of the increasingly powerful AI systems, the stakes for global cooperation have never been higher,” he said in the keynote address for a conference hosted by the Beijing Academy of Artificial Intelligence, sounding more like someone leading an advocacy group on responsible tech than what he is: the CEO of a company responsible for shepherding that emergence.

Altman’s call for U.S.-China collaboration on “mitigating risk” is only the latest (and, given the state of U.S.-China technological competition, possibly the most hazardous) incident in his quest to convince the world to regulate his industry. Unlike other tech leaders, he has been eager to meet with policymakers around the world, not just in the United States but also in South America, Africa, Europe and Asia, in an effort to encourage and influence the development of AI regulations. Presumably, he is advocating for rules that would benefit OpenAI’s business interests.

Invest In Project Management Before Shifting To The Metaverse

3. Discuss the impact of the metaverse and revise your strategy. Make sure your managers evaluate the usefulness of metaverse tools in business processes. This will help you decide whether to keep using certain solutions or switch to others. Note that it’s okay to change your KPIs on the go based on how the metaverse impacts your team’s productivity, job satisfaction, issue resolution and so on.

With trendy technologies like the metaverse, it’s important to determine the real benefits you can get and ensure they’re worth the cost. Keep in mind that metaverse platforms are not the holy grail.

All in all, project management is still 90% about communication with clients and employees. It’s best to stay focused on keeping this communication efficient. While being open to adopting new technologies like the metaverse, you should treat them as additional tools rather than making them a priority for your PMs.

First ever beaming of orbital solar power

The transition to renewable energy, critical for the world’s future, is limited today by energy storage and transmission challenges. Beaming solar power from space is an elegant solution that […] promises a remarkable payoff for humanity: a world powered by uninterruptible renewable energy.

The California Institute of Technology reports the first successful beaming of solar energy from space down to a receiver on the ground, via the MAPLE instrument on its SSPD-1 spacecraft.

Space-based solar power. Credit: Caltech.

In recent years, space-based solar power has attracted growing interest from both governments and businesses. Driven by advances in satellite technology, materials science, and energy transmission methods, experts increasingly view it as a feasible option for clean energy that is likely to be a commercial reality within the next two decades.

Leveraging cyber security for Artificial Intelligence

In the digital age, SaaS businesses have started embracing transformative technologies, such as Artificial intelligence (AI) and cloud computing. According to a research firm, the market for artificial intelligence (AI) is nearly 100 billion USD, which is expected to grow twentyfold by 2030, up to almost 2 trillion USD.

Although AI promises revolutionary advancements and cloud computing enables efficient storage and processing of massive amounts of data, their rapid adoption also raises concerns about cybersecurity. In 2021, the global cost of cybercrime was estimated to be $6 trillion.

Local language data is essential for building effective AI tools

Local language data helps automated systems understand and respond to users in their own language and can help businesses reach their target audiences more effectively, said Ganesh Gopalan, founder and CEO of AI startup Gnani.ai, during a panel discussion at the Mint Digital Innovation Summit & Awards on Friday.

“If we don’t have, firstly, content in the local language, if we can’t talk to machines in the local language, then it is not possible for no system to work and, you know, reach the right audience,” said Gopalan.

The panel discussion also included Vivekanand Pani, Co-founder, Reverie Language Technologies, who agrees that to develop an AI tool for any language, the availability of data is crucial.

Forget space tourism. This company wants to make drug manufacturing the next big extraterrestrial business

One California-based startup, Varda Space Industries, is betting that big business will lie in relatively unassuming satellites that will spend days or months in Earth’s orbit quietly carrying out pharmaceutical development. Its research, company officials hope, could lead to better, more effective drugs — and hefty profits.

“It’s not as sexy a human-interest story as tourism when it comes to commercialization of the cosmos,” said Will Bruey, Varda’s CEO and cofounder. “But the bet that we’re making at Varda is that manufacturing is actually the next big industry that gets commercialized.”

Varda is expected to launch its first test mission Monday aboard a SpaceX rocket. A window for take-off from Vandenberg Space Force Base in California begins at 2:19 p.m. PT.

Implementing IoT Tech? 15 Challenges To Be Ready For

Internet of Things technology is expanding quickly across industries. The growth is unsurprising—after all, the data derived can drive improvements in productivity and customer service, speed up innovation, lead to cost savings by powering predictive maintenance, and more. Businesses can implement IoT technology to monitor their internal systems, manage their equipment or enhance the consumer products they sell.

However, whether a business develops and manages its own products and systems or purchases equipment and service from a vendor, it must be aware of the challenges that can come with IoT tech, which include addressing the increased cybersecurity risk, managing a potentially massive influx of data and more. Below, 15 members of Forbes Technology Council share some of the challenges they foresee for businesses implementing IoT technologies in the next few years and how those issues can be overcome.

Researchers “Split” Phonons in Step Toward New Type of Linear Mechanical Quantum Computer

The experiments are the first of their kind and could lead to new advances in computing.

A team at the University of Chicago.

Founded in 1,890, the University of Chicago (UChicago, U of C, or Chicago) is a private research university in Chicago, Illinois. Located on a 217-acre campus in Chicago’s Hyde Park neighborhood, near Lake Michigan, the school holds top-ten positions in various national and international rankings. UChicago is also well known for its professional schools: Pritzker School of Medicine, Booth School of Business, Law School, School of Social Service Administration, Harris School of Public Policy Studies, Divinity School and the Graham School of Continuing Liberal and Professional Studies, and Pritzker School of Molecular Engineering.